LocatePLUS Extends Expiration Date of Warrants to April 12, 2007
06 Setembro 2005 - 6:05PM
PR Newswire (US)
BEVERLY, Mass., Sept. 6 /PRNewswire-FirstCall/ -- LocatePLUS
Holdings Corp. (OTC Bulletin Board: LPLHA; LPLHB; LPLHW), an
industry-leading provider of business-to-business and
business-to-government investigative solutions, announced today
that its Board of Directors has approved to extend the expiration
date of the Company's publicly traded warrants, with an exercise
price of $0.50, by an additional 18 months. The warrants, which
originally were scheduled to expire on October 12, 2005, will now
expire on April 12, 2007. LocatePLUS CEO Jon Latorella stated,
"Extending the expiration on the warrants represents an exciting
opportunity for our shareholders and affirms our commitment to
every shareholder that they will able to participate in our
continued growth. Additionally, this allows LocatePLUS to
substantially build additional equity capital for accelerated
growth beyond 2005." About LocatePLUS LocatePLUS, and its
subsidiaries, are industry-leading providers of public information
and investigative solutions that are used in homeland security,
anti-terrorism and crime fighting initiatives. The Company's
proprietary, Internet-accessible database is marketed to
business-to-business and business- to-government sectors worldwide.
LocatePLUS' online customer base numbers approximately 20,000
members, including over 2,000 law enforcement agencies and many
major police departments across the country. Clients include
leading U.S. agencies, including the FBI (Federal Bureau of
Investigation), ATF (Bureau of Alcohol, Tobacco, Firearms and
Explosives) and DEA (Drug Enforcement Administration). Channel
partners include Loislaw, Earthlink, Imaging Automation, AssureTec,
Metro Risk Management LLC, and the nation's leading recruitment
site. For more information, visit the Company's Website at
http://www.locateplus.com/. For investor information, visit
http://www.otcfn.com/lplha. Safe Harbor Statement from LocatePLUS:
Statements in this press release concerning the Company's business
outlook or future economic performance, anticipated profitability,
revenues, expenses or other financial items, and network or service
offering growth, together with other statements that are not
historical facts, are "forward-looking statements" as that term is
defined under the Federal Securities Laws. Any forward-looking
statements are estimates, reflecting the best judgment of the party
making such statements based upon currently available information
and involve a number of risks and uncertainties, including the
timing of any expansion of the Company's database, and other
factors which could cause actual results to differ materially from
those stated in such statements. Risks, uncertainties and factors
which could affect the accuracy of such forward-looking statements
are identified in the public filings made by the Company with the
Securities and Exchange Commission, and forward-looking statements
contained in this press release or in other public statements of
the Company should be considered in light of those factors. For
more information, contact: At LocatePLUS: Investor Relations: James
Fields Rick McCaffrey LocatePLUS Holdings Corp. OTC Financial
Network 978-921-2727 x124 781-444-6100 x625 DATASOURCE: LocatePLUS
Holdings Corp. CONTACT: James Fields of LocatePLUS Holdings Corp.,
+1-978-921-2727 ext. 124, ; or Rick McCaffrey, Investor Relations
of OTC Financial Network, +1-781-444-6100 ext. 625, Web site:
http://www.locateplus.com/
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